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KCSMMHZ
Nov 12, 2012 5:30pm PST
by the international energy agency comes as new technologies opens up huge oil reserves underground. the iea said u.s. oil output will surpass that of saudi arabia and other countries by 2017. the u.s. has established technology to extract shale oil from hard rock layers thousands of meters below the ground. commercial production has already begun. the agency says the u.s. will be nearly self-sufficient by 2035. that's due to an expected surge in the production of shale gas, a type of natural gas also trapped in underground rock. america currently relies on imports for 20% of energy needs. once the u.s. achieves successful sufficiency in energy, it may start showing less interest in oil producing regions including the middle east. >>> let's check on the markets. the u.s. markets changed little overnight. trading volume was low as other markets as long as the u.s. bonds market was closed for veterans day. and to see how stocks in japan are doing, we go to ramin mellegard at the tokyo stock exchange. how are things kicking off over there? >> good morning to you. yes, indeed. still a bit of hesitation i
KCSMMHZ
Nov 13, 2012 6:00am PST
with the development of long-range his ls. u.s. researchers at johns hopkins university say the country has conducted at least two tests of large rocket mortars since its failed launch in april. one satellite image shows the removal of fuel tanks and the appearance of exhaust stains. the researchers say their science tests have been carried out. another image shows similar discolorations and stains in an object that appears to be a large rocket engine. the analysis also says construction activity is under way to launch an even bigger rocket. it warns that north korea may start a new round of nuclear and rocket tests in the first half of next year. >>> several rockets have landed near sensitive targets in the capital of afghanistan. cholaphansa narula in bangkok is following this story. >> the afghan intelligence agency is one of the locations near tuesday's attacks in kabul. the incidents underline the security challenges afghanistan faces as nato-led combat troops prepare to withdraw by the end of 2014. >> translator: it was around 6:30 in the morning. a rocket landed here and hit a car, wounding tw
KCSMMHZ
Nov 21, 2012 6:00am PST
an additional burden. >>> u.s. defense secretary leon panetta is urging congress to strike a deal before the end of the year. that's to avoid a fiscal cliff which may result in a significant reduction in defense spending. the fiscal cliff is a term used to illustrate drastic fiscal tightening if congress fails to reach an agreement by year's end. such a situation is feared to trigger a plunge in the economy. panetta warned that defense spending will be subject to drastic cuts if lawmakers failed to reach a consensus. >> the worst thing that could happen from my perspective is that they just kick the can down the road. all that would wind up doing is continuing to present a shadow over the defense department and for that matter, the rest of government. >> the defense department is already planning to reduce its budget by about $500 billion over the coming ten years. panetta has voiced concern that further cuts could undermine barack obama's new defense strategy that lays more emphasis on the asia pacific region. >>> japanese officials are scratching their heads about how to deal with sluggish tra
Search Results 0 to 2 of about 3